Surprising facts are coming to surface about how the Telangana State Road Transport Corporation got a supply of 40 new electric buses from Olectra Greentech. As per a latest report, IT searches on Megha Krishna Reddy revealed that his family got a stake in Olectra Greentech. What more, IT officials unearthed documents showing how Olectra pocketed Rs. 40 cr subsidy from the Central government. Actually, the TSRTC should get this subsidy. The Centre is giving 50 per cent subsidy for purchase of electric buses.
It is common knowledge that Megha Reddy and K Chandrasekhara Rao are close friends. This electric buses deal is giving rise to doubts whether KCR has really bigger plans to cripple RTC so as to benefit his friends and relatives. There was also a plan to bring in a bigger fleet of electric buses.
KCR himself talked about partial privatisation of RTC but now it is not being voiced in view of rising criticism. Reports say that IT officials have got proof to show that Megha Reddy acquired 50 per cent stake in Olectra Greentech. Krishna Reddy’s family members entered the Trinity Board as well.